17 Dec: Millennial Millionaires

"Habits are safer than rules: you don't have to watch them. and you don't have to keep them either. They keep you."

-Frank Hall Crane

 

Big News Of The Day: 83% of Millennial Millionaires Own Cryptocurrencies, 48% Want to Buy More in 2022: CNBC Survey


Podcast Of The Day: #755 Bitcoin On-Chain Metrics and Leverage w/ Dylan LeClair

Video Of The Day: ​​MASSIVE ALTCOIN NEWS YOU MAY HAVE MISSED!! (INCREDIBLE) | Altcoin Daily


Tweet Of The Day: Bitcoin is the only Free Market - Sylvain Saurel


TOP NEWS

Most millennial millionaires invest in cryptocurrencies, and a significant portion have more than 50% of their fortune in crypto. Even as Bitcoin is trading inside a medium and short-term descending parallel channel, there are bullish divergences developing in multiple time frames. BTC would likely face resistance between $52,450-$55,650.


‘I'm a huge believer in crypto technology,’ says former US SEC chair and he's not alone. The governor of Florida Ronald Dion DeSantis has effectively come out as a cryptonian in one of the biggest political win for this space since the French finance minister waved the crypto flag.


Fear of a "Government Crackdown" on Bitcoin is overrated so you can remain calm and HODL on. In fact, Cryptocurrency can lift the developing world out of poverty.


Big partnerships and acquisitions happening today: Nexo partners with Three Arrows Capital (3AC), ConsenSys collaborates with Mastercard, Silvergate and EJF launch a joint venture fund, Nike acquires RTFKT Studios, and Peter McCormack acquires Bedford FC.


The world of ETFs and funds is heating up as well, the SEC postponed two major Bitcoin exchange-traded offering proposals, including NYSE Arca’s “actual” Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF.


Meanwhile, Bitwise launches the world’s first NFT index fund. Crypto asset manager Valkyrie has launched an exchange-traded fund with exposure to Bitcoin on the Nasdaq Stock Market. VanEck, a New York-based investment management firm, is expanding its crypto offerings with two new ETNs on Avalanche and Polygon.


Folks are on the move as a Meta exec leaves to join social platform Rally and Katie Haun leaves Andreessen Horowitz to form her own Crypto fund; Macro guru Raoul Pal says he has set up a crypto investment fund known as Exponential Age Asset Management that will have a long-term view.


With the good comes the bad. Rich Bernstein, CEO of the capital market company Richard Bernstein Advisors, is saying that crypto reminds him of the tech bubble in the late 1990s and Crypto hedge fund veteran Su Zhu is saying that Bitcoin (BTC) and Ethereum (ETH) are both good investments, but this does not guarantee that they will continue to dominate crypto.


Best Performing Top 10 Asset is: AVAX - $105.89


Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!


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Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!

 

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